Global Equities plans to convert North Park Place to condominiums within 90 days. Global plans to increase the number of units by separating some of the combo units that were vacant at the time of closing and converting some of the first-floor office space into additional condominiums. The property will total 270 units after the conversion. North Park Towers will remain a rental property, though Global may convert it to condominiums upon completion of sales at North Park Place.
The two buildings were built as luxury apartments 30 years ago. Some of the units are in excess of 3,000 sf. The property features garage parking, pool, tennis and fitness facilities, ceramic and marble bathrooms, balconies and individual HVAC.
The transaction was handled by Hendricks & Partners.
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